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Voices Member,  in

Can you sell your house if it has tenants living in it?

Asked by Voices Member, Thu Feb 9, 2012

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3
Joe, you bet!
As Debbie said, "along with the stove and built-in dishwasher! "
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Real estate professionals who have been in business long enough for the ink to dry on the license, will share with your the never ending saga of selling a tenant occupied home. It is absolutely doable, but rarely produces the outcome most benefical to you, especially if located in a purely residential community.
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If you have no alternatives to selling the house while it is occupied, I would recommend incentive's for the tenant to be collaborators in the process. Create a real environment where they can see benefit in helping you get this house sold.
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Lastly, if you are selling to another investor, have the best documentation available regarding expenses and cash flow. Know the comps and community value ceiling. It would be great if you had a projection of ARV that would be beneficial to the new owner.

Best of success on selling your house,
Annette Lawrence
Broker/associate
ReMax Realtec Group
Palm Harbor, Fl
727. 420. 4041
Web Reference: http://www.MyDunedin.com
0 votes Thank Flag Link Fri Feb 10, 2012
Yes, you can sell your house...........but......... for the most part, the tenants will be "included" in the sale.......along with the stove and built-in dishwasher!

:)

You can ask them nicely to leave early, or offer some monetary compensation as an incentive, but............they will most likely be allowed to remain until their lease expires
0 votes Thank Flag Link Fri Feb 10, 2012
Yes but depending on the lease and state laws, it may be necessary for the new owner to abide by the existing lease or pay the renters to move.
0 votes Thank Flag Link Thu Feb 9, 2012
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